Financial Performance Summary Q1 FY27 (Consolidated)

Brigade Enterprises Limited reported unaudited financial results for the first quarter ended June 30, 2026.

Key Financial Metrics:

  • Revenue: ₹1,179 crores (compared to ₹1,333 crores in Q1 FY26)
  • EBITDA: ₹425 crores with 36% margin (compared to ₹375 crores with 28% margin in Q1 FY26)
  • Profit Before Tax (PBT): ₹285 crores, representing 47% growth compared to ₹194 crores in Q1 FY26
  • Profit After Tax (PAT): ₹217 crores with 18% margin (compared to ₹158 crores with 12% margin in Q1 FY26)

Segment-wise Performance

Real Estate Segment:

  • Real estate sales: ₹1,061 Crores
  • Revenue: ₹707 Crores
  • EBITDA: ₹150 Crores with 21% margin, representing 45% growth over Q1 FY26
  • Average realization: ₹14,256 per square foot, an increase of 21% over Q1 FY26

Leasing Segment:

  • Revenue: ₹328 crores (compared to ₹300 crores in Q1 FY26), witnessing 9% YoY growth
  • Mall footfalls grew by 11% YoY driven by premium brand mix, events, brand activations and customer experience
  • Retailer sales grew by 35% YoY led by global brands across fashion, lifestyle, dining & family retail
  • Brigade launched approximately 4 million square feet of commercial projects in Bengaluru & Hyderabad during the quarter

Hospitality Segment:

  • Revenue: ₹144 Crores
  • Portfolio occupancy: 76%
  • Average Room Rate (ARR): ₹7,241
  • Demonstrated steady growth despite global challenges

Strategic Developments and Outlook

Management Commentary:

Pavitra Shankar, Managing Director, Brigade Group commented: "Achieving a 21% growth in realizations, underscores the growing preference for thoughtfully designed projects in well-connected micro-markets. Looking ahead, with nearly 12 million square feet of launches planned and our strategic partnership with Bain Capital for a landmark mixed-use development in Whitefield, we are significantly strengthening our future pipeline in high-growth markets. Our annuity businesses across leasing, retail and hospitality continued to be resilient. As India's urban transformation accelerates, we remain focused on creating integrated destinations that bring together homes, workplaces, hospitality and retail, while driving sustainable value for all stakeholders."

Future Plans:

  • Nearly 12 million square feet of launches planned
  • Strategic partnership with Bain Capital for a landmark mixed-use development in Whitefield
  • Focus on creating integrated destinations combining homes, workplaces, hospitality and retail

Company Background

Established in 1986, Brigade Group is one of India's leading property developers with close to four decades of expertise. The company has developed landmark buildings across Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City with developments across Residential, Office, Retail, Hospitality and Education Sectors.